REG - Future PLC - New bank facility

FutureAnnouncement

14/02/2019 07:05

RNS Number : 9545P
Future PLC
14 February 2019
 


14 February 2019
  
Future plc
 
New bank facility
 
Future plc (LSE: FUTR; "Future"), the global platform for specialist media, is pleased to announce the signing of a new £90 million multicurrency Revolving Credit Facility ("RCF"). The RCF, which replaces Future's existing debt facilities, has an initial maturity of February 2023 and includes an incremental uncommitted £45 million accordion, providing additional flexibility. The RCF has improved terms on the existing debt facilities and is being provided by HSBC, Natwest and Bank of Ireland. 
 
 
Enquiries:
 




Future plc


01225 442244




Zillah Byng-Thorne, Chief Executive Officer


 




Penny Ladkin-Brand, Chief Financial Officer


 




 


 




Instinctif Partners


020 7427 1412




Kay Larsen / Chantal Woolcock


 




 
 
About Future:
 
Future is a global platform business for specialist media with diversified revenue streams.
 
The Media division is high-growth with three complementary revenue streams: eCommerce, events and digital advertising. It operates in a number of sectors including technology, games, music, home interest, hobbies and B2B and its brands include TechRadar, PC Gamer, Tom's Guide, Homebuilding & Renovating Show, GamesRadar+, The Photography Show, Top Ten Reviews, Live Science, Guitar World, MusicRadar, Space.com and Tom's Hardware.
 
The Magazine division focuses on publishing specialist content, with over 80 publications and over 520 bookazines published per year, totalling global circulation of 1.3 million. The Magazine portfolio spans technology, games and entertainment, music, creative and photography, hobbies, home interest and B2B. Its titles include Classic Rock, Guitar Player, FourFourTwo, Homebuilding & Renovating, Digital Camera, Guitarist, How It Works, Total Film, What Hi-Fi? and Music Week.




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